Week's Crypto Highlights: CPI Data Impact, SEC Bitcoin ETF Delay And FTX's $3.4B Liquidation
Portfolio Pulse from Khyathi Dalal
The upcoming U.S. CPI and PPI inflation figures could impact the crypto industry, potentially leading to a rebound in Bitcoin and Ethereum prices. The SEC has delayed all seven Spot Bitcoin ETFs applications, requiring more time for review. Crypto trading platform, FTX, plans to liquidate $3.4 billion in recovered crypto assets, pending Delaware Bankruptcy Court approval. Several cryptocurrency projects will release tokens in the market, potentially impacting prices. The liquid staking sector has almost returned to an all-time high.
September 11, 2023 | 6:14 pm
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NEUTRAL IMPACT
The upcoming U.S. CPI and PPI data could potentially lead to a rebound in Bitcoin prices. However, the SEC's delay in Spot Bitcoin ETFs applications could impact the price.
The upcoming U.S. CPI and PPI data could potentially lead to a rebound in Bitcoin prices if the inflation figures are higher than expected. However, the SEC's delay in Spot Bitcoin ETFs applications could create uncertainty and impact the price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The upcoming U.S. CPI and PPI data could potentially lead to a rebound in Ethereum prices. However, the release of tokens by several cryptocurrency projects could impact the price.
The upcoming U.S. CPI and PPI data could potentially lead to a rebound in Ethereum prices if the inflation figures are higher than expected. However, the release of tokens by several cryptocurrency projects could increase supply and impact the price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80